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Cisco Cuts 6,000 Jobs As It Reports Better Than Expected Earnings

Cisco Cuts 6,000 Jobs As It Reports Better Than Expected Earnings

By Chris Crum August 14, 2014

Cisco announced on Wednesday that it will cut about 6,000 jobs or 8% of its total workforce. The news came as the company reported its earnings for its fourth quarter and fiscal year 2014, beating Wall Street estimates. Chairman and …

Cisco Is Acquiring Sourcefire For $2.7 Billion Cisco Is Acquiring Sourcefire For $2.7 Billion
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Cisco announced today that it has entered an agreement to acquire security firm Sourcefire in a deal worth $2.7 billion. Cisco wil pay $76 per share in cash for all shares of Sourcefire, and will assume outstanding equity awards. Retention-based …

Cisco Plans To Acquire Composite Software Cisco Plans To Acquire Composite Software
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Cisco announced today that it intends to acquire Composite Software, a privately-held data virtualization software and services company. Cisco aims to pay $180 millino in cash and retention-based incentives for all shares of the company. Cisco says the acquisition builds …

Cisco To Acquire IT Energy Management Firm JouleX Cisco To Acquire IT Energy Management Firm JouleX

Cisco announced on Wednesday its intent to acquire IT engergy management company JouleX. Cisco says the Atlanta-based company complements its existing portfolio by using capabilities of its network to gain visibility into and control energy usage across global IT environments. …

Cisco To Acquire Ubiquisys For $310 Million Cisco To Acquire Ubiquisys For $310 Million

Cisco just announced yet another acquisition. The company announced its intent to acquire privately held Ubiquisys for $310 million in cash and employee retention incentives. Ubiquisys provides 3G and LTE small-cell technologies, and Cisco says the pick-up will further reinforce …

Belkin's Acquisition Of Linksys Is Now Complete Belkin's Acquisition Of Linksys Is Now Complete

In January, Cisco announced that Belkin would acquire its Home Networking Business Unit and its leading brand, Linksys. Today, Belkin announced that the Linksys acquisition is complete. Belkin now possesses Linksys routers and other Smart Wi-Fi products. They will be …

Belkin To Acquire Linksys From Cisco Belkin To Acquire Linksys From Cisco

Cisco announced today in a blog post that Belkin will acquire Cisco’s Home Networking Business Unit and its leading brand, Linksys. Cisco had been rumored to be looking to get rid of Linksys, and now it appears it has found …

Cisco To Acquire Intucell For $475 Million Cisco To Acquire Intucell For $475 Million

Cisco announced on Wednesday its intent to acquire Israel’s Intucell for $475 million in cash and employee retention incentives. Intucell’s product portfolio would be integrated into Cisco’s Service Provider Mobility Group, with the team reporting to the Software and Applications …

Zero-Day Remote Exploit Found On Linksys Routers Zero-Day Remote Exploit Found On Linksys Routers
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When it rains, it pours. That seems to be trend in 2013 when it comes to zero-day exploits being found in the wild. Microsoft and Oracle are just getting around to patching zero-day exploits found in Internet Explorer and Java …

Cisco Announces Yet Another Acquisition: BroadHop Cisco Announces Yet Another Acquisition: BroadHop

Cisco announced today that it intends to acquire BroadHop, a provider of policy control and service management technology for carrier networks. “With global IP traffic projected to increase threefold over the next five years – after having increased eightfold over …

Cisco Announces Intent To Acquire Cariden Cisco Announces Intent To Acquire Cariden

Cisco’s acquisition spree continues as the company announced today its intent to acquire Cariden, a supplier fo network planning, design and traffic management solutions. Cisco will pay about $141 million for the company. Cisco says the acquisition will allow telecommunications …

Cisco To Acquire Cloud Networking Company Meraki Cisco To Acquire Cloud Networking Company Meraki

Cisco continues its acquisition, as the company announced that it intends to acquire Meraki (yet another cloud company). Cisco will pay about $1.2 billion in cash and retention-based incentives. Meraki is a privately held cloud networking company based in San …

Cisco Intends To Acquire Cloupia Cisco Intends To Acquire Cloupia

Cisco announced today that it intends to acquire Cloupia, a software company that automates converged data center infrastructure. The deal would extend the company’s existing data center portfolio. Cisco is paying $125 million in cash and retention-based incentives in exchange …

Cisco Acquires ThinkSmart Technologies Cisco Acquires ThinkSmart Technologies

Cisco announced today that it has acquired ThinkSmart Technologies, an Ireland-based location analytics technology company. Cisco’s Hilton Romanski had this to say about the news in a blog post: The widespread proliferation of mobile devices and services provides opportunities for …

Cisco Rebrands Collaboration Apps Cisco Rebrands Collaboration Apps
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Cisco’s Quad app has been rebranded as WebEx Social. Refinements to the app include a new unified post function that makes creating a post as easy as writing an email. Users will now also be able to collaborate using any …

Cisco Sues TiVo Over DVR Patents Cisco Sues TiVo Over DVR Patents

On May 30th Cisco Systems filed a federal lawsuit in California against TiVo, over four patents related to DVRs. Cisco supplies TiVo-based DVR boxes to Virgin Media in the UK and Spanish cable operator Ono. TiVo likewise suing Verizon Communications …

Cisco Announces Insiemi cloud computing startup Cisco Announces Insiemi cloud computing startup

Cisco has just released an employee memo announcing its investment of $100 million in a new “spin-in” company called Insiemi, and advanced networking startup, which might eventually be purchased for an additional $750 million. The New York Times defines a …